Gold Investment Corner V8, All About Gold
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 Mar 2 2015, 12:18 AM
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#1
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Junior Member
281 posts Joined: May 2009 From: EXA_PICO  
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Hello guys, I'm quite interested to invest some money in gold. Not too much since i'm not yet working. So I would like to ask, with a capital of probably around Rm1k, is it advisable for me to invest in gold? Or just head elsewhere? I'm putting about RM9k in FD and thought about putting at least some in another type of investment just to see how it goes.
And judging from the latest post, the gold price is currently in the lows. So would it be advisable to buy now or wait for a further dip? Lastly, where would you guys advice me to start investing gold, Maybank or CiMB? I already have a CiMB account but just looking for other alternatives. Thanks a lot for your time  |
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Mar 2 2015, 07:18 AM
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#2
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Junior Member
281 posts Joined: May 2009 From: EXA_PICO
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QUOTE(basSist @ Mar 2 2015, 01:21 AM) Gold is still in downtrend mode. Wait for the US FED rate hike then maybe can buy cheaper gold. Thanks a lot! Money market fund, is it similar to forex? Will look it up later on, having classes whole day. for FD, maybe maximum 3-6months. Cash is king now, wait for the pullback/correction/cash to enter the market. bu when? this one gotta study study yourself apart from FD, if you want more flexible term FD-like, you can deposit into money market fund which has 0% service charge and the interest is calculated daily unlike FD in the term that you sign for.   |
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